Elbit Systems Ltd. (eslt) to Issue Quarterly Dividend of $0.44

Elbit Systems Ltd. (NASDAQ:eslt) announced a quarterly dividend on Tuesday, May 16th, NASDAQ reports. Investors of record on Friday, May 26th will be paid a dividend of 0.44 per share by the aerospace company on Tuesday, June 6th. This represents a $1.76 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, May 24th.

Shares of Elbit Systems (NASDAQ:ESLT) traded down 0.37% during midday trading on Friday, reaching $123.68. The company had a trading volume of 13,261 shares. Elbit Systems has a 52 week low of $88.45 and a 52 week high of $127.97. The company has a market capitalization of $5.29 billion, a P/E ratio of 22.96 and a beta of 0.62. The company’s 50 day moving average price is $121.35 and its 200-day moving average price is $113.72.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, May 16th. The aerospace company reported $1.21 EPS for the quarter. Elbit Systems had a return on equity of 16.45% and a net margin of 7.00%. The firm had revenue of $749.19 million during the quarter. On average, equities research analysts predict that Elbit Systems will post $6.20 earnings per share for the current fiscal year.

Dividend History for Elbit Systems (NASDAQ:eslt)

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Several research analysts recently commented on the company. BidaskClub raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Chardan Capital initiated coverage on Elbit Systems in a research report on Friday, May 5th. They set a “neutral” rating and a $110.00 price objective for the company.

A hedge fund recently raised its stake in Elbit Systems stock. Geode Capital Management LLC raised its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 17.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,050 shares of the aerospace company’s stock after buying an additional 3,431 shares during the period. Geode Capital Management LLC owned approximately 0.05% of Elbit Systems worth $2,619,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 10.84% of the company’s stock.

About Elbit Systems

Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.

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